NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!

Combining the real-life experience of working with numerous CPA firms and tax professionals around the country, as well as comprehensive easy-to-read materials containing pertinent examples and illustrations, this powerful course essentially becomes a “must” for those practitioners needing a forum to review client issues that arose during this busy season which will certainly go down as another one of the most difficult and confusing to-date, causing many returns to be extended (or, amended). Also, critical tax issues and mid-year planning strategies for 2025 will be thoroughly covered, along with the most important tax developments, cases, IRS rulings and regulations over the last 6 months that we maybe only had a chance to glanced at, given the bombardment of information and issues. Click here to view a detailed course description.

This course includes a 500 page manual - a handy reference to help you with all your tax questions! Click here to view a detailed table of contents of prior years.

Topics & Learning Objectives Include:

• New Roth IRA conversion option for excess Sec. 529 plan balances
• Update on status of “beneficial ownership” reporting rules
• Finally, RMDs for inherited retirement accounts with 10-year payout rule
• Issues regarding S corp owner basis requirement statement on Schedule E
• Form 7203 - Special relief for disaster area taxpayers; Bipartisan Disaster Relief Bill
• Increased “luxury car” caps for 2025; Gain recognition on sale or trade-ins of used business assets
• Priority of Sec. 179 election over bonus depreciation
• Reinstatement of 100% bonus depreciation?
• Cost seg studies and “catching up” on missed depreciation deductions
• Tax planning with Sec. 754 step-up elections
• Review of retirement planning strategies; RMDs, QCDs, donor-advised funds
• Comprehensive list of exceptions for 10% early withdrawal penalty
• Update on 3.8% Medicare surtax on net investment income
• Treatment of interest expense incurred to acquire flowthrough entity interest
• Interest on debt-financed distributions from LLCs and S corps
• Carryover of Sec. 199A EBLs and Sec. 461(l) NOLs; Impact of death, divorce or remarriage on tax attributes
• Update on Sec. 461(l) “excess loss deduction” limits for 2025
• Impact of SALT cap on state passthrough entity tax (PTE) elections
• Will Congress “double” the $10,000 limit for joint returns?
• Interaction of SALT cap and “tax benefit” rule for state/local income tax refunds
• Coverage of the latest IRS guidance and issues with Sec. 199A deduction
• Latest update on extension of Tax Cut and Jobs Act (TCJA) provisions

Click On The Video Below To View A Demo of Prof. Connors

Prof. John Connors is one of the most knowledgeable tax lecturers in the nation. He has the ability to simplify the most complex tax rules. Bring in all your tax questions and get a CORRECT answer.